Elevance Health, Inc.

ELV

Quality scores

Data as of Sep 5, 2026

5 / 9

Neutral

5/9 — middling fundamentals (neutral zone).

PassROA > 0 — ROA last year = 4.66 %
PassFCF > 0 — FCF last year = 3,174.00 mill.
FailFCF > net income (accrual quality) — FCF 3,174.00 vs. net income 5,662.00 (mill.)
FailRising ROA — ROA 4.66 % vs. prior year 5.12 %

FailLower long-term leverage — long-term debt/assets 0.25 vs. prior 0.25
PassRising current ratio (more liquidity) — Current ratio 1.54 vs. prior 1.45
PassNo dilution (shares do not grow) — Shares 220.72 mill. vs. prior 227.48 mill.

Z-Score (original)

3.14

Safe zone

Z''-Score (non-manufacturing)

6.38

Safe zone

Ratio	Value
X1 — Working capital / Total assets	0.18
X2 — Retained earnings / Total assets	0.29
X3 — EBIT / Total assets	0.06
X4 — Market cap / Total liabilities	1.13
X4 — Book equity / Total liabilities	0.57
X5 — Sales / Total assets	1.64